The EUR/GBP currency pair extended its losses on Wednesday, trading around 0.8650 during Asian trading hours, as the Pound Sterling (GBP) gained ground on improved UK consumer spending.  Traders are closely monitoring macroeconomic indicators and upcoming central bank meetings, which may shape FX market trends in the near term. Solancie professionals simplify the complexities of the topic in this informative piece. GBP Strengthens on Robust UK Retail Sales The British Retail Consortium (BRC) Like-For-Like Retail Sales report for August revealed the strongest growth in four months, signaling that consumer demand in the United Kingdom is resilient despite ongoing economic pressures....

Gold (XAU/USD) resumed its bullish trajectory on Wednesday, stalling the overnight pullback from the all-time high recorded the previous day. The precious metal’s resilience comes amid a complex interplay of fundamental and technical factors, including Fed rate cut expectations, safe-haven demand, geopolitical risks, and political uncertainties.  Despite a modest USD uptick and positive risk sentiment acting as near-term headwinds, the underlying support for Gold remains strong. The brokers at Solancie outline the most important details of the subject in this article. Gold Holds Firm Near $3,620 During the Asian trading session, Gold attracted dip-buying interest around the $3,620 level, marking...

The USD/CHF currency pair has shown significant volatility following the latest U.S. Nonfarm Payroll (NFP) benchmark revisions, which revealed a slower-than-expected labor market. After a period of decline, the pair rebounded strongly, rising 0.51%, as traders adjusted positions in light of softening U.S. employment data.  The rebound has reinforced market expectations that the Federal Reserve (Fed) may adopt a dovish stance, potentially cutting interest rates at the September FOMC meeting. In their latest article, Solancie experts provide an accessible breakdown of the topic. At the time of writing, USD/CHF trades near 0.7971, holding steady as the Asian session begins. Market...

The Indian Rupee (INR) opened on a positive note against the US Dollar (USD) on Wednesday, reflecting optimism surrounding the ongoing US-India trade negotiations.  The USD/INR pair corrected lower to near 88.25 as market participants reacted to remarks by the US President, who expressed confidence that a bilateral trade agreement with India could be finalized soon. The Solancie team offers a well-rounded and comprehensive look at this matter. The US President posted on Truth Social that he is pleased to announce India and the US are continuing negotiations to address the trade barriers between the two nations.  He expressed confidence...

Gold (XAU/USD) regained positive momentum on Friday, building on the previous day’s rebound from the $3,613–3,612 zone. During the Asian session, the precious metal climbed above the $3,650 level, remaining within striking distance of the record high reached earlier this week.  The supportive fundamental backdrop stems largely from soft US labor market data, which overshadowed higher-than-expected US consumer inflation. This article from Fletrade delivers a clear and well-rounded explanation of the subject. Softer employment numbers have bolstered bets for more aggressive Federal Reserve (Fed) policy easing, causing the US Dollar (USD) to fall to its lowest level since July 24....